The SHCP explained that this increase will contribute “to increasing productive capacity and boosting the country’s development.”
In May alone, this investment grew 50.7% compared to the same month last year; without Pemex’s investment, the growth was 76.2%.
In May, the largest increases were in infrastructure for National Security with 315% real annual; Transportation with 243%; and for the Legislative Branch (Legislation) which grew 128%, according to the Timely Figures of the SHCP.
Spending grows more than income
Between January and May, public spending increased by 17.3% compared to the same period in 2023, while budget revenues increased by 5.4% in real terms.
Internally, a real annual increase of 21.3% was observed in spending aimed at providing goods and services to the population, while spending on social development reached a real annual growth of 13.9%, the largest increase since records have been recorded. for the January-May period. Internally, increases in the areas of health, education and social protection of 25.8, 14.3 and 12.8% in real annual terms, respectively, stood out.
For its part, spending on economic development increased 51.1% in real terms compared to that accumulated between January and May 2023. The above was favored by increases of 43.2 and 137.3% in real terms in the areas of fuel and energy, as well as in transportation, respectively. .
Income rises slightly
In terms of income, the increase, compared to January-May 2023, oil income increased 12.7% real annually, favored by the increase in the price of the Mexican export mix. In the month of May alone, these registered a real annual growth of 46.6%.
Tax revenues registered a real annual increase of 5.9% accumulated through May, tying 12 years of consecutive growth when considering the first five months of the year.
“In the context of the good performance of private consumption during the period, VAT collection grew 3.9% compared to January-May 2023, in real terms,” the agency noted.
Income from ISR decreased by 0.9% compared to what was collected between January and May of the previous year; However, in the month of May, a real annual increase of 2.4% was observed.
While IEPS income was higher by 62.6% in real terms annually, driven by the performance of the fuel component, which represented 2.5 times the level observed in the same period of 2023. For its part, the non-fuel component grew 4.4% real annual.
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